Benefits of using Private Lenders When you are buying a home you want the best deal you can find. When you find the best deal you will have lower interest rates and sometimes lower payments with a longer pay back time. But finding a deal in today's economy may be hard to do for several reasons. It's harder now then it has been in the past to convince the banks and financial lenders that you are not a high risk [...]
How to Find a Private Money Lender in Australia? Many real estate investors have never heard of or are not well versed with the term private lender. They may be all too familiar in their dealings with banks, having their credit pulled, and waiting 30-45 days to close on a property. That is a standard purchase and as a real estate investor, you should be anything but standard. We are known to be creative creatures. As you move along in [...]
What is a Private Lender? A private lender doesn't belong to an institution or formal organization but they are individuals or group of individuals interested in lending money. But the main reason behind lending money is to make good profits, which serves as the major motivation for them. Usually, private money lenders aren't big like a Bank but they are held privately by individuals or institutions who are interested in lending money. These private lenders could work in the form [...]
No Doc Loans from Private Lenders Whether you need finance for your next project, you’re looking to cover a short-term gap or need to find a funding solution for your business, time is often an important factor. Delays getting finance approved and settled can lead to missed opportunities or project delays – and impact your profit margins and ability to take advantage of market cycles. With some lenders taking weeks to approve a deal, borrowers can be left frustrated and [...]
Where can I find a No Doc Private Lender in Australia? The majority of Australians apply for their home loan through a traditional bank or lender. However if your circumstances don’t fit the picture of a typical borrower that’s when a private lender may be an option to consider. Let’s take a look at what a private lender is and the pros and cons in applying for one. What’s a private lender? People generally turn to a private lender because they do [...]